Skip to main content

Multifamily

3460 Warburton Ave

3460 Warburton Ave, Santa Clara, CA 95051

Listing Price: $4,950,000

Cap Rate
3.32%
Number of Units
13
Price/Unit
$380,769

Investment Overview

Marcus & Millichap is pleased to present an outstanding 13-unit apartment complex located in the highly desirable and rapidly growing city Santa Clara located at 3460 Warburton Avenue. The subject property was built in 1961 and consists of approximately 9,048 gross rentable square feet (per county assessor) and is situated on a generous 18,848 square foot lot (per county assessor). The asset accommodates an attractive floor plan of six (6) one-bedroom/one-bathroom units and seven (7) two-bedroom/one-bathroom units. The property has been well-maintained and well-managed under Wedgewood Property Management, the current management company. Recent upgrades include dual pane windows throughout and upgraded units as units have turned over throughout the years. Additionally, the property hosts a significant amount of parking with 20 carport spaces and one open space. There is also ample street parking in the residential community surrounding the apartment. 3460 Warburton Avenue is located just off El Camino Real and Lawrence Expressway which are highly convenient throughfares providing access to critical retail, employment, education, and entertainment in the South Bay area. Notable employment options nearby include but are not limited to: NVIDIA, Applied Materials, Intel, Service Now, and Apple. The apartment complex is situated just outside of Koreatown on El Camino Real and is just East of the Santa Clara/Sunnyvale border. Additionally, the property is adjacent to a safe and highly desirable residential neighborhood with the median home value at $1.737M for the trailing 12-months. 3460 Warburton Avenue is a highly desirable opportunity because of Santa Clara’s strong employment fundamentals, low velocity and high demand for multifamily investment real estate properties. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers such as NVIDIA and Apple make 3460 Warburton Avenue a highly desirable investment opportunity for both the short-term and long-term investor.

Investment Highlights

  • • Incredible Location Off of El Camino Real in the Heart of Silicon Valley
  • • Meticulously Well-Maintained & Well-Managed Multifamily Property
  • • Easy Access to Major Thoroughfares Connecting to Highway 280 & 101
  • • Strong Unit Mix of Two Bedroom & One Bedroom Floor Plans
  • • Significant Amount of On-site Covered Parking

Exclusively Listed By

Multifamily

3460 Warburton Ave

Listing Price: $4,950,000

Cap Rate
3.32%
Number of Units
13
Price/Unit
$380,769

Investment Highlights

  • • Incredible Location Off of El Camino Real in the Heart of Silicon Valley
  • • Meticulously Well-Maintained & Well-Managed Multifamily Property
  • • Easy Access to Major Thoroughfares Connecting to Highway 280 & 101
  • • Strong Unit Mix of Two Bedroom & One Bedroom Floor Plans
  • • Significant Amount of On-site Covered Parking

Investment Overview

Marcus & Millichap is pleased to present an outstanding 13-unit apartment complex located in the highly desirable and rapidly growing city Santa Clara located at 3460 Warburton Avenue. The subject property was built in 1961 and consists of approximately 9,048 gross rentable square feet (per county assessor) and is situated on a generous 18,848 square foot lot (per county assessor). The asset accommodates an attractive floor plan of six (6) one-bedroom/one-bathroom units and seven (7) two-bedroom/one-bathroom units. The property has been well-maintained and well-managed under Wedgewood Property Management, the current management company. Recent upgrades include dual pane windows throughout and upgraded units as units have turned over throughout the years. Additionally, the property hosts a significant amount of parking with 20 carport spaces and one open space. There is also ample street parking in the residential community surrounding the apartment. 3460 Warburton Avenue is located just off El Camino Real and Lawrence Expressway which are highly convenient throughfares providing access to critical retail, employment, education, and entertainment in the South Bay area. Notable employment options nearby include but are not limited to: NVIDIA, Applied Materials, Intel, Service Now, and Apple. The apartment complex is situated just outside of Koreatown on El Camino Real and is just East of the Santa Clara/Sunnyvale border. Additionally, the property is adjacent to a safe and highly desirable residential neighborhood with the median home value at $1.737M for the trailing 12-months. 3460 Warburton Avenue is a highly desirable opportunity because of Santa Clara’s strong employment fundamentals, low velocity and high demand for multifamily investment real estate properties. The robust high tech job growth, shortage of housing units, rent growth, and proximity to large Silicon Valley employers such as NVIDIA and Apple make 3460 Warburton Avenue a highly desirable investment opportunity for both the short-term and long-term investor.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower